Energy policy analysts are in broad agreement about one consequence of major legislation that Republicans are currently pushing through Congress: It will raise energy prices for the average American household by hundreds of dollars, once all is said and done.
That’s because the legislation, which President Donald Trump has dubbed the One Big, Beautiful Bill, will repeal the vast majority of clean energy provisions contained in the Inflation Reduction Act, or IRA, which a Democrat-controlled Congress passed in 2022. That earlier law provided a wide array of financial incentives for the deployment of electricity sources like solar, wind, battery storage, and nuclear power, as well as support for consumers looking to buy zero- and low-emissions products like electric vehicles. Choking off support for those measures not only hobbles U.S. efforts to fight climate change — the IRA, if left intact, could single-handedly reduce the country’s carbon emissions by 40 percent — but it also means there are fewer new sources of energy for a country that has started to need more and more of it. And reduced supply couple... Read more
